After opening the day higher, the benchmark indices continued the upward momentum, ended the session in green.

Indian equity market indices continued their northward march to settle with gains of over 1 per cent each on Thursday, 26 June 2025.

At the closing bell, the BSE Sensex closed higher by 1000 points (up 1.2%).

Meanwhile, the NSE Nifty closed 304 points higher (up 1.2%).

Tata Steel, Bajaj Finance, Bharti Airtel among the top gainers today

Trent, SBI, and Tech Mahindra, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  25,623, higher by 362 points at the time of writing.

The BSE MidCap index ended 0.6% higher, and the BSE SmallCap index ended 0.1% higher.

Sectoral indices were trading mixed today, with stocks in the oil & gas sector and the energy sector witnessing buying. Meanwhile, stocks in the IT sector and the real estate sector witnessed selling pressure.

The rupee is trading at Rs 85.7 against the US$.

Gold prices for the latest contract on MCX are trading 0.1 lower at Rs 97,320 per 10 grams.

Meanwhile, silver prices were trading 1% higher at Rs 107,302 per 1 kg.

Here are three reasons why Indian share markets are rising

#1 Tensions Ease in the Middle East

There's cautious optimism for longer-term peace after U.S. President Donald Trump said that U.S. and Iranian officials will speak next week and Israel and Iran appeared to honour the shaky ceasefire for a second day on Wednesday.

President Trump announced a ceasefire on Tuesday, halting the 12-day conflict between Israel and Iran. Following days of rising tensions that shook international markets due to concerns about a wider regional spillover, the announcement was made.

#2 Dollar Plummets During Fed Controversy

Following President Trump's harsh criticism of Federal Reserve Chair Jerome Powell, the US Dollar Index fell to a three-year low of 97. Trump's attacks have sparked questions about the independence of the central bank because he is pressuring the Fed to cut interest rates in order to lower the cost of borrowing for the government.

According to reports, Trump may replace Powell with a more dovish Fed chair as early as September or October. This action may have an effect on monetary policy and further devalue the dollar.

#3 Drop in Oil Price

Crude prices, which had spiked during the height of the Israel-Iran conflict, have now cooled. Brent crude futures now fell to $67.57 a barrel, while U.S. West Texas Intermediate (WTI) dropped to US$ 64.84.
 

Nestle India Shares Rises on Bonus

In news from the FMCG sector, shares of Nestle India surged marginally after the company announced a 1:1 bonus share issue.

The company will issue approximately 96.41 crore equity shares as bonus shares, worth around Rs 0.9 billion (bn).

It will issue shares from its retained earnings, as per audited financial statements for the year end 31 March 2025.

The bonus shares will be credited to shareholders within two days from the date of approval or on 25 August 2025.

Nest India will announce a record date to determine which shareholders are eligible to receive the bonus shares.
 

MobiKwik Block Deal Sparks 13% Recovery

Moving on to the news from fintech sector, shares of One MobiKwik Systems Ltd., the parent company of the payments solutions provider MobiKwik, increased 6% on Thursday, 26 June 2025 after 8.98% equity worth ?168 crore changed hands in a block deal.

According to reports, Net1 Applied Technologies Netherlands BV, a division of Net1 UEPS Technologies of South Africa, was probably going to sell all 8% of its shares in One Mobikwik Systems Ltd. through block deal.

In the March quarter, MobiKwik's net loss increased to Rs 0.6 billion (bn), up from Rs 67 lakh in the same period the previous year. In spite of this, revenue increased 2.6% and Payments GMV increased 2.3 times. However, because of lower contribution margins, the company reported an EBITDA loss of Rs 0.5 bn.

Metal Shares Soars 5%. What's behind the rally?

Moving on to the news from metal sector, metal stocks up to 5% on the NSE on Thursday. Hindustan Copper, Steel Authority of India (SAIL), Jindal Steel and Power (JSPL), Jindal Stainless (JSL), Vedanta, National Aluminum, Hindalco Industries, and Tata Steel, with gains ranging between 2% and 5%.

India's steel production increased by 9.7% year-over-year to 13.5 million tons in May 2025, with cumulative production reaching 67.2 million tons, up 8.2% year-over-year.

In contrast, China's steel production declined by about 7% year-over-year to 86.6 million tons, with cumulative production at 432 million tons, down 1.7% year-over-year.

Hindalco revealed that Aditya Holdings LLC, a subsidiary, has signed a deal to acquire 100% stake in US-based AluChem Companies Inc. It is anticipated that the deal will be finalized in two to four months.

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